Latest Update
2026-10-19 16:00 UTC

Singapore Gulf Bank: Converts Dollars to USDT USDC In-App

Singapore Gulf Bank: Converts Dollars to USDT USDC In-App

Singapore Gulf Bank now converts dollars into USDT and USDC inside its own app and back 24 hours a day Monday to Friday, with the stablecoin never touching an exchange, according to Charles d'Haussy citing WuBlockchain.

Source

Analysis

Singapore Gulf Bank now converts dollars into USDT and USDC inside its own app and back, 24 hours a day from Monday to Friday, per WuBlockchain. The stablecoin never has to touch an exchange as the on-ramp moves into the deposit account. Singapore Gulf Bank is a digital bank backed by Singapore's Whampoa Group and Mumtalakat, Bahrain's sovereign wealth fund, operating under a license from the Central Bank of Bahrain.


Charles d'Haussy | dYdX

@charlesdhaussy

CEO @dYdXfoundation - Crypto Derivatives, DeFi & Governance / ex. ConsenSys & .gov.hk